Central banking

This class includes:

• issuing and managing banknotes and digital currency
• conducting monetary policy, including monitoring and control of the money supply
• promoting financial stability
• taking deposits that are used for clearance between monetary intermediaries
• supervising banking or non-banking monetary operations, unless performed by some other entity
• holding the country’s international reserves
• acting as banker to the government

This class also includes:

• activities of central banks, currency boards and central monetary agencies

This class excludes:

• operation and supervision of financial markets other than by central banks and public authorities, see 66.11
• financial supervisory activities for insurance and pension funding (not by the central bank), see 66.29
• financial regulation relating to the conduct of business and consumer protection and other wider financial regulatory activities, see 84.13
• activities of international organisations (e.g. the World Bank), see 99.00